Stock analysis SKM Egg Products Export (India) Limited SKMEGGPROD

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Moving Averages for SKM Egg Products Export (India) Limited

5Day Average: 236.06
12Day Average: 244.08
20Day Average: 247.27
50Day Average: 242.42
100Day Average: 250.31
150Day Average: 252.47
200Day Average: 256.68

SKMEGGPROD Indicators & signals

Indicator MACD (12,26,9)

241.65, 244.59, -0.36
Indicator MACD is in negative zone

Indicator ADX (14)

16.89, 17.88, 25.14
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SKMEGGPROD SKM Egg Products Export (India) Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
10 Fri Jan 2025	228.90	228.05 to 236.90	-1.91%	0.55 times
09 Thu Jan 2025	233.35	232.05 to 241.40	-2.57%	0.5 times
08 Wed Jan 2025	239.50	238.20 to 245.95	-1.52%	0.46 times
07 Tue Jan 2025	243.20	236.55 to 245.00	3.34%	0.91 times
06 Mon Jan 2025	235.35	234.05 to 256.60	-5.48%	2.01 times
03 Fri Jan 2025	249.00	248.20 to 252.70	-0.36%	1.01 times
02 Thu Jan 2025	249.90	248.40 to 254.70	0.32%	0.91 times
01 Wed Jan 2025	249.10	248.00 to 255.70	-1.26%	0.81 times
31 Tue Dec 2024	252.29	246.01 to 258.50	1.89%	1.91 times
30 Mon Dec 2024	247.62	243.70 to 250.56	-0.86%	0.75 times
27 Fri Dec 2024	249.78	247.53 to 253.70	-0.48%	0.74 times
26 Thu Dec 2024	250.98	250.00 to 259.00	-0.74%	1.26 times

Technical analysis forecast for SKM Egg Products Export (India) Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT SKM Egg Products Export (India) Limited SKMEGGPROD at this time. Stock is falling and might fall more.

It appears as if SKM Egg Products Export (India) Limited SKMEGGPROD gave a large move recently.

Stock of SKM Egg Products Export (India) Limited (SKMEGGPROD) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for SKM Egg Products Export (India) Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 225.5, for a target of 235.6 or 243.99

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